Global Missile Defense System Market Outlook, Opportunities And Strategies – Includes Missile Defense System Market Size
Learn about the global missile defense system market through The Business Research Company, which provides information on missile defense system market size, missile defense system market drivers and restraints, missile defense system market players, the COVID-19 impact on the missile defense system market, and more.
The global missile defense system market is expected to grow from $22.43 billion in 2021 to $23.92 billion in 2022 at a compound annual growth rate (CAGR) of 6.66%. The global missile defense system market size is expected to reach $31.32 billion in 2026 at a CAGR of 6.97%.
The surge in defense spending globally is expected to drive the growth of the missile defense system market.
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The missile defense system market consists of sales of missile defense systems by entities (organizations, sole traders, and partnerships) that refer to the technology or weapon that is involved in tracking, detection, and destruction of attacking missiles. Missile defense systems are designed specifically to target threats quickly, while other forward-based missile defense systems will be able to carry out missions against rival aircraft and air-launched cruise missiles.
Global Missile Defense System Market Segments Include:
By Technology: Fire Control System, Weapon System, Countermeasure System, Command and Control System
By Domain: Ground, Air, Marine, Space
By Range: Short, Medium, Long
By Threat Type: Subsonic Missiles, Supersonic Missiles, Hypersonic Missiles
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global missile defense system market in 2021.
The rise in development and increasing use of artificial intelligence is a key trend gaining popularity in the missile defense system market. Artificial intelligence is computer intelligence or intelligence demonstrated by a machine to help perform simple tasks more efficiently or tasks that couldn’t be performed otherwise. Developments in artificial intelligence are the discovery of knowledge that helps in developing products using AI or machine learning.
TBRC’s Missile Defense System Market Report Covers:
Major Market Players: BAE Systems, General Dynamics, Lockheed Martin, MBDA, Northrop Grumman, Raytheon Technologies, Rheinmetall, Boeing, Saab AB, Aerojet Rocketdyne, BrahMos Aerospace, and Israel Aerospace Industries.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Missile Defense System Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides missile defense system market overviews, analyzes and forecasts market size, share, missile defense system market players, missile defense system market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s missile defense system market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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